International investors bought a net $ 483.7 million of Indian stocks on Nov. 7, data showed yesterday. That extended this year’s purchases to $ 14.85 billion, the most among eight Asian markets tracked by Bloomberg.

“Markets are still upbeat and India is still attracting foreign inflows,” Hiren Dhakan, an associate fund manager ​at Bonanza Portfolio Ltd., wrote in an e-mail yesterday.

Power Grid Corp of India Ltd., the state-run utility that transmits about half the electricity generated in the nation, may report today that second-quarter profit rose 3 percent from a year earlier to 12.8 billion rupees ($ 208 million), according to the median estimate of 29 analysts in a Bloomberg survey.

Shares of Jain Irrigation Systems Ltd. (JI), India’s largest irrigation-equipment maker, may be active. The company reported a quarterly loss of 235.9 million rupees, compared with a forecast 121 million profit.

The Sensex has increased 32 percent this year, the best performer among the world’s 30 biggest markets, and is valued at 15.6 times projected 12-month earnings, compared with the MSCI Emerging Markets Index’s multiple of 11.

To contact the reporter on this story: Rajhkumar K Shaaw in Mumbai at rshaaw@bloomberg.net

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